12:34 - 1.05.2026

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May 1, Fineko/abc.az. Bitcoin rebounded on Thursday, rising back above the $77,000 mark after a recent decline, as an improvement in global risk appetite boosted demand for cryptocurrencies along with stocks.

ABC.AZ informs that the world's largest cryptocurrency, was traded 1.8% higher at $77,143 by 10:27 a.m. on Baku time (0627 GMT) after pulling back earlier this week to lows around $75,000.

Bitcoin jumped 12% in April amid optimism from a temporary truce between the U.S. and Iran and record highs on Wall Street.

Earlier in April, bitcoin rose above the $79,000 level amid optimism about a potential de-escalation in the Middle East and strong institutional inflows.

The key short-term obstacle for bitcoin remains the $80,000 resistance level, which has repeatedly limited the rally over the past month.